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KAR Auction Services (NYSE:KAR) issued its quarterly earnings data on Tuesday. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.04, American Banking News reports. The company had revenue of $585.60 million for the quarter, compared to the consensus estimate of $577.69 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. KAR Auction Services updated its FY14 guidance to $1.35-1.45 EPS.

In other KAR Auction Services news, Insider Thomas J. Caruso sold 8,075 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $30.44, for a total transaction of $245,803.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

KAR Auction Services (NYSE:KAR) traded up 0.83% on Tuesday, hitting $29.23. 1,929,442 shares of the company’s stock traded hands. KAR Auction Services has a one year low of $23.91 and a one year high of $32.65. The stock has a 50-day moving average of $31.15 and a 200-day moving average of $30.28. The company has a market cap of $4.086 billion and a price-to-earnings ratio of 68.86.

On the ratings front, analysts at Ned Davis Research upgraded shares of KAR Auction Services from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. KAR Auction Services presently has a consensus rating of “Buy” and an average price target of $32.56.

KAR Auction Services, Inc, is a provider of vehicle auction services in North America. The Company operates in three business segments: ADESA, Inc (NYSE:KAR), Insurance Auto Auctions, Inc (IAAI) and Automotive Finance Corporation (AFC).

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